Hamster Kombat and Catizen Airdrop Will Make TON Prices Drop?

2024-09-13

Hamster Kombat and Catizen Airdrop Will Make TON Prices Drop.webp

BittimeAirdrop season on The Open Network (TON) is approaching, and developers admit that demand could overwhelm this Telegram-related network.

Hamster Kombat and Catizen are two platforms that are ready to launch their tokens this September. Will both of them make TON's price collapse? Read this article in full.

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Telegram Games Bring Hundreds of Millions of New Users to TON

Telegram's tap-to-earn game has taken the crypto world by storm, bringing hundreds of millions of potential new users to The Open Network (TON). 

However, the flood of Hamster Kombat and Catizen players trying to claim their reward tokens later this month may not all be good news for the network, TON developers warned this week.

TON will "undoubtedly face greater technical pressure and perhaps some unexpected issues," the TON Core team wrote on Tuesday on the official Telegram channel. 

Also read: DOGS Coin Impact, Blockchain Adoption Increases Massively

The warning comes as the network struggles with recent service outages caused by an explosion in tap-to-earn games and mini-app activity related to messaging app Telegram.

Daily active user addresses have topped 1.1 million several times on TON in the past two weeks, with daily transactions peaking at 14.4 million ahead of upcoming airdrops for popular tap-to-earn games like Hamster Kombat and Catizen, according to the developer.

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Catizen and Hamster Kombat Ready to Launch Airdrop

Catizen, which has attracted around 35 million players to its Telegram app and will offer claimable tokens to at least 15 million of them based on the latest estimates, will launch its CATI token on September 20.

Meanwhile, Hamster Kombat has attracted a much larger number of players: More than 300 million at the end of July, the developer claims, with Telegram in-app data showing nearly 86 million active users in the past month alone. 

The team has said that all players will be eligible for the HMSTR token airdrop on TON when it arrives on September 26th.

Also read: Time Farm Airdrop Launches $SECOND Coin Staking Feature

"This level of user engagement was unimaginable in Web3 before," TON Core developers wrote in a Telegram channel post.

A surge in TON user activity driven by the Telegram gaming craze recently caused an outage on the layer-1 network. Last month, block processing on the network stopped for several hours twice in one week.

At the heart of the problem, according to TON developers, is a surge in user demand related to the distribution of DOGS, a meme coin project inspired by the dog images of Telegram founder and CEO Pavel Durov. DOGS tokens are held by 4.5 million unique wallets on TON, they said.

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Will TON Prices Fall?

Service disruptions on TON may increase again ahead of airdrops regarding the game and others on the platform. Both events will likely cause a spike in activity on TON as recipients try to claim their prizes.

However, in preparation ahead of the airdrop, TON developers have vowed to stay on top of any network issues, and work to overcome any obstacles.

"We are unwavering in our commitment to building and addressing these challenges as we move toward mass adoption," they wrote in a Telegram post.

How to Buy Crypto on Bittime

cara beli crypto di bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC)Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.

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